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Well not only is the president doubling down on raising taxes for those making over 250000.
He's doubling down on green energy with taxpayer green on a 168 million dollar plan.
To help build offshore wind farms.
With more on this Republican congresswoman Marsha Blackburn of Tennessee.
She is vice chairman of the energy and commerce committee is great to see you and have you on the show you see you.
You know I look at this and I'm kind of shocked about what what the administration is proposing here with wind and energy.
What is your reaction to this 168 million.
Six year plan it's not a ton of money but.
Why are we -- there.
Well and -- you know the first thing I cities where they getting this money.
And right now my staff in the committee staff is trying to figure out it doesn't appear to be in this stimulus.
And so we're trying to figure out where they're trying to get this four million dollars to give each of seven companies.
To see he's going to compete.
To try to make something viable the problem -- -- You've got wind energy into deep south they -- That had been working for a decade in bank can't get to the point of commercial viability so we're saying that look.
Don't keep throwing this money after project -- that are not ready to be commercially viable.
Well I think you -- -- big questions about the technology.
Here congresswoman I mean correct it.
It seemed to me it it's less than energy efficient -- -- like that the bang for the buck that you get.
Is just not impressive at all and meanwhile your real in the entire landscape.
Is this something is this idea that you could ever get behind.
Well you know a -- you hit on two things it is it brings the landscape.
And they need don't get much for the dollar to expand its the most expensive form at the energy.
And of course we have homegrown energy when you're talking about oil and gas and coal and nuclear power generation.
-- closer homegrown -- they are affordable sources of energy now also on the landscape.
We've heard in committee and through the renewable.
Report if he wanted 54000.
-- energy generated that would take 151000 turbines ten to 20 miles off the eastern seaboard.
It would need to cover up scope of 3000 miles in theory the coastline from Maine to Florida it's thirteen hundred miles.
So this issue and that's and that's exactly right this is just not gonna work.
And we also know that whether it is.
I Rhode Island or Delaware our mission again -- Massachusetts with Kate land not eat and these projects have worked -- -- and.
I'm counting on hand in this all feels to me like cylinder and a 123 all over again exactly right I want to share some numbers that I think are really important with our viewers that blew me away.
It's getting five times more -- the brakes.
And natural gas 2.5.
Times more expensive than than I'm sure went so.
What we thinking of the day is to get this to go the government has having to pony up so much more money.
Even -- the oil industry for goodness sakes at and you know out that's you know what I don't say about the oil industry and government support that it's -- limited.
There is twelve times greater than oil and gas subsidies.
You could find a viable green energy to sponsor would you be willing to put that kind of money out.
Well if you can find something day yes you know let's let's talk about what is working.
They'll probably as Y name out government is picking winners and losers and you just talked about that with wind energy with the wind energy production credit at.
You know only gas and doesn't get and production credit McCarrick why don't you just say wind.
-- -- Biomass.
-- what -- you're gonna get the same production.
How these credit -- -- and after you after you invest your money private companies.
-- you're going to get that but this business if things like the DOE loan guarantee program.
Taking taxpayer funds.
Funneling it -- -- companies that cannot reach commercial viability on the -- on after decades of trying.
We are too broke.
Retaining railing yeah we don't have my brings me.
To my final point.
We -- that's what -- where is the bottomless pocket that we're digging into right now to find the money to pay for this are we having a big debate right now over.
How -- it to fund this huge debt that we built up.
I mean I distill your right sensibility about.
Our money and managing in a way that that makes sense in Washington.
Well that's exactly right that's why when I first son -- so I turned to my staff and I said.
We are are they getting that money for best we've got all least in debt ideal -- long guarantee programs with this story in beacon power and -- -- rent -- 123.
And may how they're going to go spin up something on -- and they're blinded 28 million dollars out the door and immediately another 168.
Million dollars over four years.
We're are they getting this money and tell you one thing.
When we get around to the appropriations process and there will be amendments on the floor -- block.
DO week putting this money ended best kind.
Are indeed it has no place we cannot afford it cannot -- private company wants to do it.
-- -- -- -- I don't have a -- with any other minute.
I don't have to -- that they are congresswoman Blackburn thanks for coming on tonight it's always terrific to have you on the show thank you so much thank you.
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